Bank or broker? Who should help you with your loan.
While there’s a lot to know when it comes to getting competitive, hassle-free advice on a loan, the question remains do you go with your bank or a mortgage broker?
According to a Deloitte study this year, mortgage brokers now write 55.7% of all new loans and 90% of mortgage broker customers are very happy campers. Plus, 27% of those broker arranged loans were sourced from outside the Big4. Yep, there’s a bunch of other options out there and you really need a good broker to track them down. And, because mortgage brokers are paid by the lender you choose, you’re never out of pocket. Here are a few other reasons why you should touch base with a broker:
- you get a wider range of choices
- they drive competition between banks and lenders
- they bring you the help you need, when and where you need it
- they help you navigate the complex home loan process from application to settlement and everything in-between.
Want to know more? Talk to Loan Market and we’ll sort you out.